government

Abu-Dhabi Company To Take 9.1 percent stake in Daimler AG
Abu-Dhabi Company To Take 9.1 percent stake in Daimler AG

Aabar Investment PJSC has announced it will pay almost 2 billion euro (approx. $2.72 billion) to take a 9.1 percent stake in Daimler AG, the parent company of the Mercedes-Benz luxury marque. This will make Aabar Mercedes-Benz' largest single shareholder. Aabar is itself an investment vehicle...Read More»

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Opel Assistance Deal Thin On Details Says German Gov't

Yesterday German Economy Minister Karl-Theodor zu Guttenberg, on his way from Germany to the U.S. for talks with GM and U.S. government officials, called upon more information from GM regarding its proposed solution for ailing Opel. He claims that GM's plan for Opel, its German division, is thin on...Read More»

Barack Obama
Obama Task Force Balances Urgency, Deliberation with Detroit

The Obama administration's auto task force characterized yesterday's two-hour meeting between UAW union leaders, visit to GM's Technical Center, and tour of Dodge Ram assembly plant as "successful." But while the meeting itself may have increased understanding and communication between government...Read More»

2011 Chevrolet Volt
Obama's Auto Task Force Drive Chevy Volt, Visit Ram Plant

Today members of President Obama's autos task force head to Detroit to scrutinize GM and Chrysler's viability plans. A test drive of the 2011 Chevrolet Volt and tour of the plant that assembles the 2009 Dodge Ram will provide a chance for the companies to prove they can use fed assistance to...Read More»

2009 Honda Accord
U.S. Honda Plants Snag EPA Energy Star Awards

By curbing the energy used in its manufacturing operations at plants in Ohio and Alabama, Honda announces today that it's the recipient of U.S. EPA Energy Star awards. Honda of America Manufacturing's Marysville, Ohio plant as well as their East Liberty, Ohio plant, earned the EPA's top energy...Read More»

2010 Ford Fusion
Ford Gets $55 Million Tax Incentive For Electric Development

Today Ford announced it is the recipient of a $55 Million tax incentive - a refundable tax credit - from the state of Michigan. The money will be channeled through the newly formed Michigan Advanced Battery Credits initiative, with the stipulation that Ford use it to continue development of...Read More»

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Feds Roll Out Auto Theft, Fraud Prevention Web Site

Today the U.S. Department of Justice rolled out the NMVTIS, or National Motor Vehicle Title Information System. It is designed to protect consumers from auto fraud as well as providing law enforcement professionals with new ways to investigate malfeasance involving automobiles. The service will be...Read More»

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